Management
September 23, 2015 at 10:54 am
Groupon, once believed by many to be a catalyst for Chicago’s technology scene, evokes more concern than awe from some observers these days. It announced 1,100 layoffs Tuesday as it pulls back its global footprint. The flagging e-commerce company pioneered a daily-deals business in 2008, but is distancing itself from that model in favor of building…
September 22, 2015 at 11:09 am
Chicago employees of posh department store Barneys New York are seeking to unionize, with a chief concern being a company policy that requires sales associates to push the store credit card or face disciplinary action. About 70 percent of the company's 75 Chicago sales associates and shipping and distribution workers have signed cards indicating they wish…
September 22, 2015 at 10:28 am
Target plans to cut back on outsourcing and hire 1,000 information technology workers. The retailer will hire 500 software engineers and other IT workers in Minneapolis and 500 more in India. Chief Information Officer Mike McNamara told CIO Journal that the company's reliance on vendors "got to a stage where almost half the team is in third…
September 21, 2015 at 11:46 am
Macy’s plans to hire slightly fewer temporary workers for the 2015 holiday season, news that comes a few weeks after the retailer lowered its full year sales forecast because of a poor start to the year. The department store chain said on Monday it would hire for about 85,000 positions at its namesake Macy’s and Bloomingdale’s…
September 17, 2015 at 12:54 pm
The papal visit is adding up to more trouble for bankrupt A&P. The grocery store chain delayed the auction of its stores by a week, to Oct. 1 and 2, citing “potential logistical complications arising from Pope Francis’ scheduled visit to New York later this month,” according to a court filing. Originally set for Sept. 24 and…
September 17, 2015 at 12:47 pm
Under Armour Inc., providing a long-range outlook to shareholders at its investor day meeting, expects to reach $7.5 billion in revenue by 2018, lifted by an expansion into new markets. While that figure is in line with analysts’ estimates, the company said on Wednesday that it’s outpacing its internal forecasts. Under Armour now expects to…
September 17, 2015 at 11:46 am
A group of pharmacy workers within Target Corp's store in Brooklyn, New York, have won a vote to form a microunion, making it the first unionized store at the retailer since its inception in 1902. Earlier on Wednesday, Reuters was first to report that a group of pharmacists and pharmacy technicians won an initial ballot,…
September 16, 2015 at 11:42 am
U.S. supermarket chain Albertsons Companies Inc is moving ahead with plans for an initial public offering in late September or early October that could value it as much as $24 billion, including debt, according to people familiar with the matter. The determination of Albertsons' majority owner, private equity firm Cerberus Capital Management LP, to carry out…
September 16, 2015 at 10:32 am
Toys"R"Us says it won't hire as many holiday season employees as it did last year, but the toy and baby products retailer says it will give current employees and seasonal workers a chance to work more hours. The company said it plans to hire 40,000 people to work at its stores and distribution centers around the…
September 15, 2015 at 6:43 pm
After falling short of expectations last year, a widely watched holiday forecast predicts that retail hiring will remain flat during the final three months of the year. Despite a strengthening U.S. economy, outplacement firm Challenger, Gray & Christmas on Tuesday said that it expects retailers to once again add roughly 755,000 seasonal hires to their payrolls.
